Increase in environmental awareness, stringent environmental regulations by countries from Europe and North America for sustainable waste management, and rapid urbanization & industrialization fuel the growth of the global smart waste management market. Moreover, based on region, North America held the highest share in terms of revenue in 2019 and is expected to lead the trail throughout the forecast period.
Portland, OR, Jan. 18, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global smart waste management industry was pegged at $1.68 billion in 2019, and is expected to reach $4.10 billion by 2027, registering a CAGR of 15.1% from 2020 to 2027. The report provides an in-depth analysis of the current and emerging global smart waste management market trends and dynamics.
Increase in environmental awareness, stringent environmental regulations by countries from Europe and North America for sustainable waste management, and rapid urbanization & industrialization fuel the growth of the global smart waste management market. On the other hand, high capital investments and lack of efficient connectivity impede the market growth to certain extent. However, surge in smart city initiatives and technological advancements such as the internet of things (IoT) for waste collection are anticipated to usher a plethora of opportunities for the market players in the coming years.
Download Sample PDF (232 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/9105
The Covid-19 outbreak impacted manufacturing activities in the industry, thereby disrupting the production of equipment and sensors required for smart waste management for commercial, residential, and industrial waste collection and removal.
Government bodies in various regions and health governing authorities such as WHO and NHA issued regulations and management based on various aspects of smart waste management processes to curb the spread of coronavirus through waste.
Nevertheless, the manufacturing and supply activities of equipment, devices, and tools for smart waste management have restarted during the post-lockdown period, which simplified the collection and disposal processes.
The global smart waste management market is segmented on the basis of waste type, method, source, and region. Based on waste type, the solid waste segment dominated the market with the highest market share, accounting for nearly three-fifths of the global solid waste management market in 2019, and is expected to lead during the forecast period. On the other hand, the e-waste segment is anticipated to register the highest CAGR of 18.8% from 2020 to 2027.
Get detailed COVID-19 impact analysis on the Smart Waste Management Market Request Here
Based on source, the residential segment held the highest share in 2019, with nearly half of the global market, and is anticipated to retain its leadership status during the forecast period. Furthermore, the same segment is also projected to manifest the largest CAGR of 16.6% from 2020 to 2027.
Based on region, North America held the highest share in terms of revenue in 2019, with nearly two-fifths of the global market, and will rule the roost by 2027. At the same time, Asia-Pacific is expected to manifest the highest CAGR of 18.5% during the forecast period. The other regions studied in the report include Europe and LAMEA.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/9105
Leading market players in the report include Covanta Holding Corporation, SUEZ Environmental Services, Republic Services Inc., Waste Management Inc., Sensoneo J.s.a., Bigbelly Inc., Urbiotica, Ecube Labs Co. Ltd., and Enevo Oy
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Nuclear Waste Management Market - Global Opportunity Analysis and Industry Forecast, 2020-2027
Waste Sorting Robots Market - Global Opportunity Analysis and Industry Forecast, 2020-2027
World Waste-to-Energy Technologies Market - Opportunities and Forecasts, 2020-2027
World Waste-Derived Biogas Market - Opportunities and Forecasts, 2020-2027
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060